Economics is one of the subjects in the UPSC IAS exam that can fetch you the maximum marks if you can master the basics. Once you are comfortable with a solid foundation in Economics, then it would aid you in Prelims, Mains, and the Interview. Many aspirants are worried that Economics is going to affect their preparation as most of them are from a Non-Economics background.
How to master Economics
- Start with the NCERTs. Below given are the ones that you should focus on. Click on the respective links to download your free NCERT textbooks from our website.
- Textbook for Class-IX (Economics)
- Textbook for Class-X (Understanding Economic Development)
- Textbook for Class-XI (Indian Economic Development)
- Textbook for Class-XII (Introductory Macroeconomics).
Also, Click here to take our Free NCERT-based tests once you are comfortable with the NCERTs.
- The Hindu Newspaper- Follow any news related to Economics from the newspaper and learn the latest developments, their effect on the world/Indian economy, and how you can assimilate the information for the IAS exam. Utilize the internet to supplement your current economic news with pertinent historical concepts.
- Read a good current affairs publication, like Officers’ PULSE, and keep reading it. Click hereto watch the video of our student Sivanandham(AIR-87), who used ONLY Officers’ Pulse to achieve this feat in his very first attempt.
- Follow the Previous Years- Questions to understand how the questions are being asked by the UPSC. Post the analysis, try to rework the way you study the topics so that you may avoid unwanted areas. Click here to go through the Previous Years’ Economics Question Papers to start your analysis.
- If you want to join our free continuous practice testing initiative, click here. Keep visiting our website to check the launch of our “Test Series” with Intelligent analytical inputs for students.
- Also, try to focus on the areas that are repeatedly asked. For example, up to 2 questions from the topic “Banking” comes in the Prelims “Economy” every year.
- Budget:Learn the latest policies and schemes so that you can use them in your Prelims, Mains, and the Interview
- India Year Book: for details on the different welfare and development projects the government has implemented.
- Economic Survey of India: The amount of data may at first appear overwhelming, but as you read the text, you’ll find that the statistics are related and the numbers recur. You’ll see how one piece of data, like the decline in pulse output that year in the agricultural chapter, is related to another piece of data, like the rise in imports. As you come across the same set of data often, you will understand the underlying structure of the economy rather than just the facts and figures. This will help you understand how one aspect of the economy is connected to another.
- EPW: Read pertinent items from Economic and Political weekly if you have extra time. The papers are of a research grade, so choose from topics that are pertinent and do not spend too much time. Avoid wasting time by reading every item. For GS purposes, it suffices even if you only read the introduction and conclusion in abstract form. It is accessible in all respectable libraries without the need to subscribe.
How to use the Economics basic Concepts for your Mains
Preliminary and Mains exam on the Indian economy require distinct study methods. Specific topics related to planning, resource mobilization, growth, development, and employment, as well as government budgeting, cropping patterns, the public distribution system, technology missions, food processing, land reforms, liberalization, infrastructure, and investment models, are covered in the Mains syllabus. The structure and character of the questions would become more apparent if we look at the questions from the Indian Economy area for Prelims and Mains. To answer the majority of the questions, you must have a conceptual grasp of economics and the Indian economy. It is also necessary to have the ability to use the economic notion in real-world economic situations. With this in mind, we developed a detailed study program that brings the best IAS coaching methods and has made our academy one of the top IAS coaching institutes in India. I implore every aspirant to make use of the information and tools I have provided. I wish everyone well on their upcoming exams.